President Bola Tinubu has assured Nigerians that things would soon turn around for their own good, in response to the present economic hardship in the country.

The President who was represented by the Secretary to the Government of the Federation, Senator George Akume, made the statement on Thursday, at the State House in Abuja at the official Unveiling of the Nigeria For Women Programme.

He said the government is aware that Nigerians are complaining about hunger, adding that his administration is pushing out palliatives to cushion the effect of hunger, is also ready to implement a new minimum wage.

He said: “My administration is committed to Nigerian women and this is reflective in my policies. It gladdens my heart to stand before you and tell you the future of women in Nigeria looks very promising. Ministry of Women Affairs is working day and night, leaving no stone unturned to ensure that all your needs are met and exceeded, the Ministry has embarked on several notable projects.

“As a government, it is our duty to prioritize interest around the most vulnerable citizens which are women and children, so that we’ll put this behind us.

“The federal government actively working to ensure that programmes designed for Nigerian women are impactful and accessible to the intended beneficiaries, we are nit just committed to women in Abuja and other urban centres, the government is committed to all women particularly the most vulnerable who live in the rural areas.

“I am gladdened by the use of technology in dispensing sustainable development for our women. Sustainable agriculture, empowerment and technology is key in driving national prosperity.

“I am calling on all partners here to take a pledge today to support my administration and the Minister of Women Affairs. Today I want to officially unveil the Nigerian for Women programme. In a few days time, as we go into Ramadan, we should all rise up and pray for our country, let us pray for a more united Nigeria, let us pray for peace, let us pray for our President and the continuation of our Federation.

“Today we complain about hunger, we would be pushing out palliative so that the effects of hunger can be brought to a minimum. Ours is a very complex Federation, based on three tiers of governments, we have the federal, state and local governments and all of them have direct access to the Federation account. So winning together we can do a lot for our people. Today things are a little bit harsh, but this is not forever.

“Things would soon begin to change as more food is brought to the table of our citizens and as we prepare to implement a new minimum wage.”

The Minister of Women Affairs, Barr. Uju Kennedy-Ohanenye explained that the programme intends to empower women in all states of the federation by providing them with machines to produce a lot of the things local women extert so much energy and time producing locally.

She said thee-market platform would be used to market the products of local women entrepreneurs all over the country for buyers and banks have already shown interest in assisting the women access their finances and payments digitally.

The Ooni of Ife, Oba Adeyeye Ogunwusi in his remarks, urged the government to look beyond Abuja when implementing programmes especially those that affect women.

He said, “Their is life beyond Abuja that we all come for the central position of governance, it is very important for all our people to feel governance. I would like to employ our women here, ably led by the Minister of Women Affairs, please do not let this thing be one off. Try as much as possible to leave your comfort zone to go and feel what people are feeling from time to time.

“We have a lot of political networks that you can actually connect to disperse these programmes that you want to actually give to our mothers, to the women of our dear country for them to continue to impact on how to instil morals in the society and how to better the lots in terms of empowerment.”

First Lady, Oluremi Tinubu has asserted that individuals convicted of abducting young people should face capital punishment.

She made this statement in response to the recent reports of approximately 200 women being kidnapped in Borno State and over 280 pupils and teachers abducted in Kaduna State.

Additionally, she condemned the actions of the kidnappers, labeling them as coward and evil perpetrators.

Calling on the state governors, the First Lady urged them to find a solution to the situation and ensure that any abductor apprehended is subjected to capital punishment.

The First Lady said, “Whoever is kidnapping young people is sick, cruel, and a coward.

“Enough is enough and I call on the state governors that once we take hold of them, they deserve capital punishment.


“Why don’t they take people their size? Why are they torturing our children? What they are trying to do is kill our future.

“We all know parents, when we are old we rely on our children.

“Why would you go and take them from schools? Right now, I think enough is enough. As a former lawmaker, I believe that any one of them captured deserves capital punishment.

“They are animals, they are evil and we should take them out of our midst.

“The state governors and the lawmakers should do something.”

A former spokesperson for ex-Vice President Yemi Osinbajo, Laolu Akande, has called for legal action against those involved in the printing of N22.7 trillion ($50 billion) by the Central Bank of Nigeria (CBN) between 2015 to 2023, under former President Muhammadu Buhari. 

Akande described the situation as an “economic calamity” and demanded that those responsible “be made to answer in court”.

Akande was the chief spokesperson to Osinbajo, who was the vice president during the period the money was printed.

He expressed concern that the issue could be swept under the rug and urged the current government to take action beyond simply complaining.

Although Akande said the CBN granting Ways and Means to the Nigerian government was not necessarily bad, he said the scale at which it was done without a corresponding uptick in productivity in the country was “shocking”. 

“We must ensure that this does not happen again…there must be consequences,” Akande said on Channels TV’s Sunrise on Thursday.

“Everyone that is involved in this calamity, which is an economic calamity,They must be made to answer in court. We dont want a situation where the case has died, it is going to repeat itself.”

He said while there fears about the “misbehaviour of the monetary institution” before the end of the Muhammadu Buhari administration, he had no idea that “things were that terrible”. 

“There was nobody in that administration that did not have an idea of how things were going…the shoddiness, the sloppiness, lack of patriotism,” Akande told Channels TV.

Akande’s statement came after Finance Minister Wale Edun linked the printed money to Nigeria’s current hyperinflation.

Edun blames the “eight years of just printing money not matched by productivity” for the economic woes. 

The Senate had previously resolved to investigate N30 trillion ($66 billion) in Ways and Means funding spent by the Buhari administration.

It said the funds were mismanaged and contributed to the country’s food and security issues.

Edun confirmed plans to audit how the funds were expended and pledged to use revenue generated from a recent N7 trillion ($15 billion) bond issuance to repay the central bank and restore fiscal balance.

The Presidency has dismissed claims that President Bola Tinubu advised former President Muhammadu Buhari to print Naira in 2020.

A Special Adviser on Information and Strategy to the President, Bayo Onanuga, described such a claim as erroneous.

Recall that a spokesman of the 2023 Peoples Democratic Party, PDP, presidential candidate, Atiku Abubakar, Paul Ibe, had claimed Tinubu advised Buhari to print Naira in 2020.

 

Ibe’s remark followed Minister of Finance, Wale Edun’s comment on the printing of N22.7 trillion under Buhari’s administration.

Edun had said the printing of N22.7 trillion by the Central Bank of Nigeria in the name of a Ways and Means loan under Buhari’s government and ex-CBN governor, Godwin Emefiele was responsible for the current rising inflation and economic hardship in Nigeria.

Speaking during an interface with the Senate Committee on Finance, the minister said the Ways and Means loans of N22.7 trillion under the past administration were done aimlessly.

He further stated that the alleged reckless spending of the overdraft collected from the CBN under Emefiele largely accounted for the country’s food and security crises.

The minister vowed that Tinubu’s government would audit the CBN printing in the last eight years.

Reacting, Onanuga recalled that Tinubu had clarified the issue when it was first reported.

Posting on X, Onanuga wrote: “President Tinubu did not advise the Buhari administration to print Naira, the way it was erroneously reported in 2020. He provided a clarification in Thisday of 30 March, 2020, a day after the false report came out.”

Oyetola,Minister of Marine and Blue Economy


 

The Minister of Marine and Blue Economy, Mr. Gboyega Oyetola, has encouraged Nigerians to maintain hope and patience with the present administration in the country, reassuring that positive changes are on the horizon.

Oyetola emphasized that the current socio-economic challenges resulting from the fuel subsidy removal are temporary and can be overcome. He expressed confidence in President Bola Tinubu’s ability to lead Nigeria towards progress and prosperity.

Speaking on Thursday at the official inauguration of the newly-built ultra-modern Aragbiji palace in Iragbiji, Boripe Local Government Area of Osun State, the Minister conveyed his message of hope and optimism to the Nigerian populace.

Oyetola who acknowledged the pocket of challenges confronting the nation, said “it is time for the citizens to rise to the occasion and begin to rally round the government in its resolve to reposition and transform the country.”

“In view of the concerted efforts to get over the current challenges, we need a lot of patience, I believe that our president will take us to where we desire. We need to continue to pray for him, for wisdom, good health and resources to continue to lead our country aright. I have no doubt that he will take us to promised land.”

Unveiling the state-of-the-art palace, Oyetola eulogized the sons and daughters of the ancient town for their unwavering commitment towards the actualization of the edifice.


He attributed the successful completion of the palace to the unity of purpose that exists among the indigenes of the town saying “it is a further fulfillment of our resolve as a progressive community to unleash infrastructure development on our community.

Tinubu Oronsaye

 

President Bola Tinubu has inaugurated an 11-member committee to implement the recommendations outlined in the Oronsaye report.

The report, TRIBUNE ONLINE gathered, focuses on the reorganisation and streamlining of government bodies, agencies, and commissions.

According to Nairametrics, Tinubu was ably represented by Sen. George Akume, Secretary to the Government of the Federation, during the ceremony.

Below are the names of the members of the committee:

The committee includes Sen. George Akume (SSG), Minister of Justice, Lateef Fagbemi; the Minister of Budget and Economic Planning, Atiku Bagudu; the Head of the Civil Service of the Federation, Dr Folashade Yemi-Esan; and Hadiza Bala-Usman, who serves as the Special Adviser to the President on Policy and Coordination.

Others are Dr. Dasuki Arabi, Director-General of the Bureau of Public Service Reform; Sen. Abdullahi Abubakar-Gumel, the President’s Senior Special Assistant on National Assembly Matters (Senate); Hakeem Muri-Okunola, Principal Secretary to the President, Richard P. Pheelangwa, Permanent Secretary to the Cabinet Office, and Ibrahim Olarenwaju.

Ahead of the September 21 gubernatorial election in Edo, Olumide Akpata, the flag-bearer of the Labour Party (LP), has vowed to resist any attempt to rig the poll.

He gave this assurance during an interactive session with OBIdients on X space titled “Vawulence Space: One-on-one with Olumide Akpata” on Thursday.

“I will do all I can to protect the votes of the people in Edo,” he assured the audience.

The ex-NBA President promised to engage with stakeholders to ensure the safeguarding of votes during and after the poll.

He equally pledged to lead a government based on merit rather than nepotism.

He stated that his administration would prioritise a merit-based system and appoint qualified individuals to key positions for an effective and efficient government.

Recall Akpata was declared winner of the LP governorship primary election held in Benin City, Edo, garnering 316 votes in an overwhelming victory.

A forensic expert and witness of the Economic and Financial Crimes Commission (EFCC), Mr Bamaiyi Mairiga, has admitted that forensic examination was not carried out on the signature of the former governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, who is being tried by the federal government over alleged $6.2 million fraud.


The witness made the admission under cross examination by Emefiele’s lawyer, Mr Mathew Burkaa (SAN).

Emefiele is standing trial for an alleged 20-count amended charge preferred against him by the Office of the Attorney-General of the Federation (OAGF).

He was alleged to have engaged in criminal breach of trust, forgery, conspiracy to obtain by false pretence and obtaining money by false pretence when he served as the apex bank’s boss.

Among the allegations was that the former CBN boss forged a document entitled: Re: Presidential Directive on Foreign Election Observer Missions dated January 26, 2023 with Ref No. SGF.43/L.01/201 and purportedly to have emanated from the office of the Secretary to the Government of the Federation (AGF).

During the court sitting on Thursday, the witness, who is the sixth to be called by the prosecution, presented report of the Forensic Document Examination (FDE) carried out on the signatures of former President Muhammadu Buhari and former Secretary to the Government of the Federation (SGF) , Mr Boss Mustapha.

According to him, his forensic examination was limited to only Buhari and Mustapha.
He told the court he did not carry out the forensic examination of Emefiele’s signature because the EFCC did not submit it to him, adding that he did not know why the defendant is standing trial.

He also admitted that the request for the forensic document examination was made by the operatives of the Economic and Financial Crimes Commission (EFCC).

Earlier, Mairiga had informed the court that the signatures of Buhari and Mustapha were forged in two separate letters used to facilitate the withdrawal of $6.2 million from the Central Bank of Nigeria (CBN).

Led in evidence by prosecution lawyer, Mr Rotimi Oyedepo, SAN, the witness stated that he analysed documents carrying the “disputed signature” and the “specimen signature” in order to identify individual characteristics present or absent in each of the signatures.

He said, “Conclusion from the analysis revealed that the disputed document showed evidence of forgery and copying as the same movement in formation and the skill of execution were found to be different from that of the specimen signature.”
At the end of his evidence, Mairiga went ahead to tender the said documents used in the forensic analysis which were admitted by the court as exhibits.
Sources however wondered why Emefiele’s signature was not sent for forensic examination given that he was the first to raise an alarm after meeting with a special investigator, Mr Jim Obazee, that his signature had been forged.

Last modified on Friday, 08 March 2024 09:36

The Cosmopolitan Women’s Cub of Lagos on The Occasion of The International Women’s Day 2024 Joins All Women of Every Strata in Nigeria and The World Over to Once Again Celebrate Ourselves.

It is good to thank God for the success thus far of the millions of women’s march for women’s rights as human rights.

However, it looks like no sooner have women seemed to have broken the glass ceiling than is it replaced by a tripled glazed glass barrier.

Poverty is rife and has sadly attained generational dimension and women are amongst the poorest of the poor.

Families are without the basic necessities of life and end up going to bed hungry. 

Extremely high cost of living and inflation have reduced households to a status of indignity.

Disease and poverty have excluded large numbers of women and children from basic human needs of healthcare and housing. 

Gender inequality impacts on empowerment of women in politics and decision-making positions thereby leading to exclusion.

So, as we reflect on the IWD theme inspire inclusion, let us resolve to act in unison to break down all barriers to women’s liberation.

 

Happy International Women’s Day.

Dame Marie Fatayi-Williams President Cosmopolitan Women’s Club, Lagos

The Central Bank of Nigeria says foreign portfolio inflow into Nigeria surged $2.3 billion in the first two months of 2024 compared to $3.9 billion recorded in 2023.

The Acting Director of Corporate Communications at CBN, Hakama Sidi Ali, disclosed this on Thursday.

She noted that foreign investors purchased more than $1 billion in Nigerian assets in February alone.

According to her, the surge in foreign investor’s interest in Nigeria has led to total portfolio flows reaching $2.3 billion in 2024.

Meanwhile, the apex bank said diaspora remittances surged by 443 per cent to $1.3 billion in February.

“Foreign investors purchased more than US$1 billion of Nigerian assets last month, with total portfolio flows of at least US$2.3 billion recorded thus far in 2024 compared to US$ 3.9 billion seen in total for last year,” she stated.

DAILY POST recalls that foreign investment portfolios in the fourth quarter of 2023 surged by 66.77 per cent to $1,060.73 million in the fourth quarter of 2023 compared to the preceding quarter.

Meanwhile, an economic think tank group, Centre for the Promotion of Private Enterprise, said the recently introduced expatriate employment levy will hurt FDI in Nigeria.